• Latest
  • Trending
KWS reports on successful fiscal year 2021/2022 and expects further growth

KWS reports on successful fiscal year 2021/2022 and expects further growth

September 28, 2022
Kizlyar District Kicks Off Vegetable Harvest: Challenges, Innovations, and Market Trends in Dagestan’s Agriculture

Kizlyar District Kicks Off Vegetable Harvest: Challenges, Innovations, and Market Trends in Dagestan’s Agriculture

July 29, 2025
Tymen Farmers Harvest Early: 300 Tons of Potatoes and Strong Belarusian Ties Boost Yields

Tymen Farmers Harvest Early: 300 Tons of Potatoes and Strong Belarusian Ties Boost Yields

July 29, 2025
From Garlic Farms to Garlic Festivals: How Wakkanai’s Innovators Are Revolutionizing Local Agriculture

From Garlic Farms to Garlic Festivals: How Wakkanai’s Innovators Are Revolutionizing Local Agriculture

July 28, 2025
Mehina Garlic: A Drought-Resistant Treasure with Growing Potential in Hasankeyf

Mehina Garlic: A Drought-Resistant Treasure with Growing Potential in Hasankeyf

July 28, 2025
Taşköprü Garlic: A Golden Harvest with Global Recognition and Promising Market Value

Taşköprü Garlic: A Golden Harvest with Global Recognition and Promising Market Value

July 27, 2025
Taean’s Six-Clove Garlic: A Premium Crop with High Resistance and Market Potential

Taean’s Six-Clove Garlic: A Premium Crop with High Resistance and Market Potential

July 27, 2025
Uiseong’s Cold-Storage Garlic: High-Quality Harvest and Expanding Market Opportunities

Uiseong’s Cold-Storage Garlic: High-Quality Harvest and Expanding Market Opportunities

July 26, 2025
Gongju Sulfur Flower Garlic: A Model of Quality, Profitability, and Sustainable Farming

Gongju Sulfur Flower Garlic: A Model of Quality, Profitability, and Sustainable Farming

July 26, 2025
From Garlic to Prosperity: How Huabei’s Farmers Are Boosting Yields and Profits

From Garlic to Prosperity: How Huabei’s Farmers Are Boosting Yields and Profits

July 25, 2025
Voghiera Garlic Harvest Begins: High Hopes for Yield and Quality in Ferrara’s Dop Excellence

Voghiera Garlic Harvest Begins: High Hopes for Yield and Quality in Ferrara’s Dop Excellence

July 25, 2025
Protecting Local Farmers: Should Ajo Imports Be Banned? Plus, How School Lunches Are Boosting Potato Demand

Protecting Local Farmers: Should Ajo Imports Be Banned? Plus, How School Lunches Are Boosting Potato Demand

July 24, 2025
China’s Garlic Market in 2025: Record Yields, Price Trends, and Export Opportunities

China’s Garlic Market in 2025: Record Yields, Price Trends, and Export Opportunities

July 24, 2025
  • Company
Wednesday, July 30, 2025
Vegetables News
  • NEWS
    Kizlyar District Kicks Off Vegetable Harvest: Challenges, Innovations, and Market Trends in Dagestan’s Agriculture

    Kizlyar District Kicks Off Vegetable Harvest: Challenges, Innovations, and Market Trends in Dagestan’s Agriculture

    Tymen Farmers Harvest Early: 300 Tons of Potatoes and Strong Belarusian Ties Boost Yields

    Tymen Farmers Harvest Early: 300 Tons of Potatoes and Strong Belarusian Ties Boost Yields

    From Garlic Farms to Garlic Festivals: How Wakkanai’s Innovators Are Revolutionizing Local Agriculture

    From Garlic Farms to Garlic Festivals: How Wakkanai’s Innovators Are Revolutionizing Local Agriculture

    Mehina Garlic: A Drought-Resistant Treasure with Growing Potential in Hasankeyf

    Mehina Garlic: A Drought-Resistant Treasure with Growing Potential in Hasankeyf

    Taşköprü Garlic: A Golden Harvest with Global Recognition and Promising Market Value

    Taşköprü Garlic: A Golden Harvest with Global Recognition and Promising Market Value

    Taean’s Six-Clove Garlic: A Premium Crop with High Resistance and Market Potential

    Taean’s Six-Clove Garlic: A Premium Crop with High Resistance and Market Potential

    Uiseong’s Cold-Storage Garlic: High-Quality Harvest and Expanding Market Opportunities

    Uiseong’s Cold-Storage Garlic: High-Quality Harvest and Expanding Market Opportunities

    Gongju Sulfur Flower Garlic: A Model of Quality, Profitability, and Sustainable Farming

    Gongju Sulfur Flower Garlic: A Model of Quality, Profitability, and Sustainable Farming

    From Garlic to Prosperity: How Huabei’s Farmers Are Boosting Yields and Profits

    From Garlic to Prosperity: How Huabei’s Farmers Are Boosting Yields and Profits

  • AGROTECHNOLOGY
    • All
    • Climate
    • Crop protection
    • digital (smart)
    • dron
    • Fertilizer
    • Research
    • weed
    Kizlyar District Kicks Off Vegetable Harvest: Challenges, Innovations, and Market Trends in Dagestan’s Agriculture

    Kizlyar District Kicks Off Vegetable Harvest: Challenges, Innovations, and Market Trends in Dagestan’s Agriculture

    Tymen Farmers Harvest Early: 300 Tons of Potatoes and Strong Belarusian Ties Boost Yields

    Tymen Farmers Harvest Early: 300 Tons of Potatoes and Strong Belarusian Ties Boost Yields

    Unlocking the Secrets of the CCT Gene Family in Chinese Cabbage: Key to Stress Resistance and Higher Yields

    Unlocking the Secrets of the CCT Gene Family in Chinese Cabbage: Key to Stress Resistance and Higher Yields

    Innovative Farming Success: How Gunwi County’s Science-Based Demonstration Farms Are Revolutionizing Agriculture

    Innovative Farming Success: How Gunwi County’s Science-Based Demonstration Farms Are Revolutionizing Agriculture

    Stabilizing Summer Cabbage and Radish Prices: South Korea’s Proactive Supply-Demand Management Strategy

    Stabilizing Summer Cabbage and Radish Prices: South Korea’s Proactive Supply-Demand Management Strategy

    Vegetable Price Surge in Ponorogo: Market Shifts, Supply Shortages, and What Farmers Should Know

    Vegetable Price Surge in Ponorogo: Market Shifts, Supply Shortages, and What Farmers Should Know

    Climate Crisis and Cabbage Shortages: How South Korea is Battling Extreme Weather to Secure Food Supply

    Climate Crisis and Cabbage Shortages: How South Korea is Battling Extreme Weather to Secure Food Supply

    Extreme Heatwaves and Crop Shortages: Lessons from South Korea’s Agricultural Crisis

    Extreme Heatwaves and Crop Shortages: Lessons from South Korea’s Agricultural Crisis

    The Future of Farming: How Agri-Tech is Revolutionizing Agriculture and Attracting a New Generation

    The Future of Farming: How Agri-Tech is Revolutionizing Agriculture and Attracting a New Generation

  • IRRIGATION
  • SEED PRODUCTION
    • Vegetables
    • Fruit
  • PROCESSING
No Result
View All Result
  • NEWS
    Kizlyar District Kicks Off Vegetable Harvest: Challenges, Innovations, and Market Trends in Dagestan’s Agriculture

    Kizlyar District Kicks Off Vegetable Harvest: Challenges, Innovations, and Market Trends in Dagestan’s Agriculture

    Tymen Farmers Harvest Early: 300 Tons of Potatoes and Strong Belarusian Ties Boost Yields

    Tymen Farmers Harvest Early: 300 Tons of Potatoes and Strong Belarusian Ties Boost Yields

    From Garlic Farms to Garlic Festivals: How Wakkanai’s Innovators Are Revolutionizing Local Agriculture

    From Garlic Farms to Garlic Festivals: How Wakkanai’s Innovators Are Revolutionizing Local Agriculture

    Mehina Garlic: A Drought-Resistant Treasure with Growing Potential in Hasankeyf

    Mehina Garlic: A Drought-Resistant Treasure with Growing Potential in Hasankeyf

    Taşköprü Garlic: A Golden Harvest with Global Recognition and Promising Market Value

    Taşköprü Garlic: A Golden Harvest with Global Recognition and Promising Market Value

    Taean’s Six-Clove Garlic: A Premium Crop with High Resistance and Market Potential

    Taean’s Six-Clove Garlic: A Premium Crop with High Resistance and Market Potential

    Uiseong’s Cold-Storage Garlic: High-Quality Harvest and Expanding Market Opportunities

    Uiseong’s Cold-Storage Garlic: High-Quality Harvest and Expanding Market Opportunities

    Gongju Sulfur Flower Garlic: A Model of Quality, Profitability, and Sustainable Farming

    Gongju Sulfur Flower Garlic: A Model of Quality, Profitability, and Sustainable Farming

    From Garlic to Prosperity: How Huabei’s Farmers Are Boosting Yields and Profits

    From Garlic to Prosperity: How Huabei’s Farmers Are Boosting Yields and Profits

  • AGROTECHNOLOGY
    • All
    • Climate
    • Crop protection
    • digital (smart)
    • dron
    • Fertilizer
    • Research
    • weed
    Kizlyar District Kicks Off Vegetable Harvest: Challenges, Innovations, and Market Trends in Dagestan’s Agriculture

    Kizlyar District Kicks Off Vegetable Harvest: Challenges, Innovations, and Market Trends in Dagestan’s Agriculture

    Tymen Farmers Harvest Early: 300 Tons of Potatoes and Strong Belarusian Ties Boost Yields

    Tymen Farmers Harvest Early: 300 Tons of Potatoes and Strong Belarusian Ties Boost Yields

    Unlocking the Secrets of the CCT Gene Family in Chinese Cabbage: Key to Stress Resistance and Higher Yields

    Unlocking the Secrets of the CCT Gene Family in Chinese Cabbage: Key to Stress Resistance and Higher Yields

    Innovative Farming Success: How Gunwi County’s Science-Based Demonstration Farms Are Revolutionizing Agriculture

    Innovative Farming Success: How Gunwi County’s Science-Based Demonstration Farms Are Revolutionizing Agriculture

    Stabilizing Summer Cabbage and Radish Prices: South Korea’s Proactive Supply-Demand Management Strategy

    Stabilizing Summer Cabbage and Radish Prices: South Korea’s Proactive Supply-Demand Management Strategy

    Vegetable Price Surge in Ponorogo: Market Shifts, Supply Shortages, and What Farmers Should Know

    Vegetable Price Surge in Ponorogo: Market Shifts, Supply Shortages, and What Farmers Should Know

    Climate Crisis and Cabbage Shortages: How South Korea is Battling Extreme Weather to Secure Food Supply

    Climate Crisis and Cabbage Shortages: How South Korea is Battling Extreme Weather to Secure Food Supply

    Extreme Heatwaves and Crop Shortages: Lessons from South Korea’s Agricultural Crisis

    Extreme Heatwaves and Crop Shortages: Lessons from South Korea’s Agricultural Crisis

    The Future of Farming: How Agri-Tech is Revolutionizing Agriculture and Attracting a New Generation

    The Future of Farming: How Agri-Tech is Revolutionizing Agriculture and Attracting a New Generation

  • IRRIGATION
  • SEED PRODUCTION
    • Vegetables
    • Fruit
  • PROCESSING
No Result
View All Result
Vegetables News
Home Company

KWS reports on successful fiscal year 2021/2022 and expects further growth

by Tatyana Ivanovich
September 28, 2022
in Company
0
KWS reports on successful fiscal year 2021/2022 and expects further growth
  • Sales increased significantly by more than 17% to EUR 1.54 billion
  • Strong growth of EBITDA (+9%) and EBIT (+13%)  
  • Net income and earnings per share at previous year’s level
  • Dividend proposal 2022: €0.80 (0.80) per share
  • Forecast 2022/2023 (KWS Group): 
    Sales increase of 7 – 9%, EBIT margin: 10 – 11%, R&D ratio: 18 – 20%

“Our strong growth in the past fiscal year once again underscores the attractiveness and resilience of our business model as an innovative seed company,” commented Eva Kienle, CFO of KWS. “Despite considerable burdens from inflation-related cost increases, we were able to significantly increase our operating result. In the new financial year, we want to continue to grow and at the same time invest at a high level in research and development as a driver of sustainable innovation. In view of the existing geopolitical risks, increasing weather extremes and highly inflationary developments, however, we anticipate that the framework conditions for KWS will remain challenging.”

Business development 2021/2022

The KWS Group’s sales rose significantly by 17.5% to €1,539.5 (1,310.2) million.  Currency-related effects had only a minor overall impact on sales. EBITDA improved by 9.3% to €252.4 (230.9) million. The operating result (EBIT) rose by 13.2% to €155.1 (137.0) million. The EBIT margin reached 10.1% (10.5%). Net income of €107.8 (110.6) million and earnings per share of €3.27 (3.35) reached the previous year’s level.
 

     
in € millions2021/222020/21 +/-
Net sales 1,539.51,310.217.5 %
EBITDA 252.4230.99.3 %
EBIT 155.1137.013.2 %
Net financial income/expenses -16.95.2–
Result of ordinary activities 138.1142.2-2.9 %
Income taxes 30.431.6-3.8 %
Net income 107.8110.6-2.6 %
Earnings per sharein €3.273.35-2.6 %
     

Business development by segment

The Corn segment again recorded strong growth in the year under review, with sales rising by 21% to 935.4 (774.0) million.  €. This was mainly due to the South America region, where sales increased by more than 70%. In Europe, KWS achieved sales growth of around 7% in a highly competitive environment. Sales of the US joint venture AgReliant increased by around 3% in local currency, mainly due to higher sales volumes for soybean seeds. Significantly higher production costs and negative effects of the Ukraine war weighed on the segment result, which decreased to €57.2 (71.3) million. In addition, lower earnings contributions from the AgReliant joint venture had a negative impact. The segment’s EBIT margin fell from 9.2% to 6.1%.

Sales in the Sugarbeet segment rose significantly by 12.2% to €588.4 (524.3) million due to the great success of innovative KWS varieties. KWS thus grew faster than the market and thus once again underpinned its leading global market position for sugarbeet seeds. Strong demand for CONVISO® SMART – an innovative weed control system – was once again a driver of growth in the past financial year. The corresponding varieties are now available in 25 countries and accounted for a significant share of segment sales of around 19%. Another growth driver was the new varieties with Cercospora tolerance (CR+), which already recorded very strong demand in the second year of the market launch. Against the background of the positive sales development, the segment result also rose significantly to €195.0 (174.7) million. At 33.1% (33.3%), the EBIT margin was on a par with the previous year.

In the Cereals segment, sales rose significantly by 13.2% to € 216.4 (191.62) million. The main driver of this positive sales development was the strong growth in rapeseed. In particular, favorable market conditions and improved performance of the variety portfolio led to an increase of 42%. The rye seed business also developed very well with an increase of 4%, especially in Germany. The rye seed business accounted for a significant share of segment sales at around 40%. Sales of wheat seed increased by around 7% due to positive market conditions, while sales of barley seed were slightly below the previous year’s level. Against the background of the pleasing sales development, the segment result rose to €29.5 (21.3) million. The EBIT margin increased to 13.6% and was thus significantly higher than in the previous year (11.1%).

Sales in the Vegetables segment declined to € 54.3 (58.2) million in the year under review. Spinach seed once again accounted for the largest share of the segment’s sales at just under 60%. While sales in the USA recovered slightly, the segment recorded declining demand in Europe and Asia. In addition, poor weather conditions during seed propagation in New Zealand led to lower product availability. The bean seed business, which accounts for around 27% of sales, was robust compared to the previous year. As a result of the course of business and the expansion of breeding activities, the segment result fell slightly to €–18.5 (–18.1) million.

Sales in the Corporate segment amounted to € 8.3 (6.0) million. The main driver of this development was in particular a price-related increase in sales at KWS’ farms in Germany, France and Poland. In the Corporate segment , all overarching costs for the KWS Group’s central functions as well as research expenses are reflected, which is why the segment result is regularly negative. The segment result fell to € –97.5 (–92.0) million in the prior-year period, mainly due to higher research expenses and positive effects from financing instruments.

Outlook for the financial year 2022/2023

The KWS Group is expected to achieve sales growth of 7 to 9 % (on a comparable basis, excluding currency and portfolio effects) with an EBIT margin of between 10 % and 11 %. The research & development quota should be in a range of 18 to 20%. For the corn, sugar beet, cereals and vegetables product segments, a significant increase in sales is forecast with an EBIT margin at the previous year’s level. Based on the planned cost development, the company expects EBIT of around € –110.0 million for the Corporate segment.

Planned appropriation of profits: dividend of € 0.80 per share

Due to the good business development, the Executive Board and Supervisory Board will propose to the Annual General Meeting on December 6, 2022 the distribution of a dividend of € 0.80 (0.80) per share for the financial year 2021/2022. This would mean that €26.4 (26.4) million would be distributed to the shareholders of KWS SAAT SE & Co. KGaA. This would correspond to a payout ratio of 24.5% (23.9%), with which KWS would remain within the scope of its dividend policy of a dividend payment of 20 to 25% of the KWS Group’s net income, which is geared to the company’s profitability.

Election proposals for the future Supervisory Board of KWS SAAT SE & Co. KGaA

The Annual Shareholders’ Meeting of KWS SAAT SE & Co. KGaA will elect a new Supervisory Board following the regular cycle on December 6, 2022. As already announced last year, the Chairman of the Supervisory Board of KWS SAAT SE & Co. KGaA and general partner KWS SE, Dr. Dr. h.c. mult. Andreas J. Büchting, will resign from his position as planned at the end of his term of office. After 15 years of service, Cathrina Claas-Mühlhäuser will also leave the Supervisory Board of KWS. Vice Chairwoman, Dr. Marie Th. Schnell, and the current Chairman of the Audit Committee, Victor W. Balli, will stand for re-election. The Supervisory Board will recommend Philip Freiherr von dem Bussche (former Spokesman of the Executive Board of KWS) and Prof. Dr. Dr. h.c. mult. Stefan W. Hell (Director at the Max Planck Institute for Multidisciplinary Natural Sciences in Göttingen and Director at the Max Planck Institute for Medical Research in Heidelberg) for election to the Board at the Annual Shareholders’ Meeting. It is intended that Philip Freiherr von dem Bussche will take over as Chairman of the Supervisory Board.

Annual Press Conference and Analyst Call

On the occasion of the publication of the annual financial statements 2021/2022, the annual press conference with Dr. Hagen Duenbostel (CEO) and Eva Kienle (CFO) will take place today in Frankfurt/Main from 10:00 a.m. CEST.

A conference call with Eva Kienle for analysts and investors will take place at 14:00 CEST. Further details can be found here.

The Annual Report 2021/2022 is available for download at Financial reports – Investor relations – Corporate – KWS SAAT SE & Co. KGaA

If you would like to find out more about our strategic topics, please take a look at our KWS portrait – 2022 edition, which was also published today: https://portrait.kws.com/

Tags: KWSreports
Previous Post

Cold Storage for Fruits and Vegetables

Next Post

Scientists have found an ideal place for polar farming in Russia

Next Post
Scientists have found an ideal place for polar farming in Russia

Scientists have found an ideal place for polar farming in Russia

  • Home
  • Privacy Policy
  • Privacy Policy of vegetables.news app

© 2020-2024 VEGETABLES NEWS

No Result
View All Result
  • NEWS
  • AGROTECHNOLOGY
  • IRRIGATION
  • SEED PRODUCTION
    • Vegetables
    • Fruit
  • PROCESSING

© 2020-2024 VEGETABLES NEWS